The E.W. Scripps Company announced a delay in its fourth-quarter 2024 operating results release, which will now occur after markets close on Tuesday, March 11. The associated conference call with senior management will take place on Wednesday, March 12, at 9 a.m. Eastern time.
The company stated that the delay is due to ongoing active negotiations for refinancing transactions related to its term loan and revolving credit facility. These discussions are being held with existing lenders and potential new debt capital providers.
Scripps expects to provide an update on the refinancing transaction and the results of these negotiations during its rescheduled conference call. This indicates that significant financial restructuring is underway, which could impact the company's balance sheet and future financial flexibility.
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